A method and apparatus for the detection and investigation of fraudulent debit and charge card activation transactions. Cardholder information on file is matched with information provided at activation time. Where matching does not occur, fraud is a possibility. All activation activity is captured and summarized. Absolute failures are highlighted. Subsequent fraudulent use of fraudulently activated cards can be investigated resulting in possible identification of the alleged fraudulent card user.
A system and method is provided for offering and providing credit card products. The disclosed systems and method provide a credit card product whose credit limit is determined at the time of activation. The applicant receives a credit card that has not been activated. When the applicant contacts the issuer to activate the credit card and learn the credit limit, the actual credit limit for the credit card is determined based on the individual's credit history and answers to risk-splitting questions. After determining the credit limit, a customer account is established and the customer is notified of the credit limit.
A method for online account activation between a consumer having an account with a service provider interacting with at least a first computing system and a second computing system in communication with the first computing system over the first network, the method including, in one embodiment, providing a notice to the consumer to activate an account (e.g., a new card or account, a renewal card or account, a replacement card or account, or web-based service) on a network-accessible site, instructing the consumer to access the site, prompting the consumer to provide predetermined card or account information to the site and communicating the predetermined card or account information to the second computing system over the first network, allowing the at least second computing system to process the predetermined card or account information against previously stored account data and notifying the consumer on the first computing network of the activation processing results.
A family stored value card program is provided. One embodiment is a method for implementing a stored value card program. One such method comprises: identifying an existing stored value card account; and enabling a first customer associated with the existing stored value card account to establish a new stored value card account associated with a second customer, the new stored value card account linked to the first stored value card account.
